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Rapacious resource depletion, excessive investment and insecure property rights
Ploeg, Frederick van der - 2010
; Hartwick rule ; capital ; sustainable consumption ; fractionalization ; seepage ; insecure property rights ; differential game … with insecure property rights, we analyze how resources are transformed into productive capital to sustain consumption. We … allow property rights to improve as the country transforms natural resources into capital. The ensuing power struggle about …
Persistent link: https://www.econbiz.de/10003942714
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Why do many resource-rich countries have negative genuine saving? : anticipation of better times or rapacious rent seeking
Ploeg, Frederick van der - 2008
Persistent link: https://www.econbiz.de/10003785851
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Battle for climate and scarcity rents : beyond the linear-quadratic case
Kagan, Mark; Ploeg, Frederick van der; Withagen, Cees - 2014
The nature of oil demand influences the oil extraction rate and hence has implications for both the timing of oil exhaustion and optimal climate policy. We analyse what role oil demand specification plays in strategic interactions b between an oil-importing country producing final goods and...
Persistent link: https://www.econbiz.de/10010424787
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Unilateral climate policy, asymmetric backstop adoption, and carbon leakage in a two-region hotelling model
Van der Werf, Edwin - 2010
We study backstop adoption and carbon dioxide emission paths in a two-region model with unilateral climate policy and non-renewable resource consumption. The regions have an equal endowment of the internationally tradable resource and a backstop technology. We first study the case of a...
Persistent link: https://www.econbiz.de/10003923808
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Dynamic resource management under weak property rights : a tale of thieves and trespassers
Rodríguez Acosta, Mauricio Andrés; Smulders, Sjak - 2016
Using a dynamic framework with strategic interactions, we study the management of a non-renewable natural resource when property rights are generally weak. Under generally weak property rights both the resource stock and the revenues from exploiting it are imperfectly protected, due to...
Persistent link: https://www.econbiz.de/10011515393
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Aggressive oil extraction and precautionary saving : coping with volatility
Ploeg, Frederick van der - 2010
The effects of stochastic oil demand on optimal oil extraction paths and tax, spending and government debt policies are analyzed when the oil demand schedule is linear and preferences quadratic. Without prudence, optimal oil extraction is governed by the Hotelling rule and optimal budgetary...
Persistent link: https://www.econbiz.de/10003966514
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The fossil episode
Hassler, John; Sinn, Hans-Werner - 2012 - This version: Dec 4, 2012
expressions for this price increase. Our calibration leads to a price increase of 40% if capital and labor are allowed to move to …
Persistent link: https://www.econbiz.de/10009683169
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Prices vs. quantities and the intertemporal dynamics of the climate rent
Kalkuhl, Matthias; Edenhofer, Ottmar - 2010
This paper provides a formal survey of price and quantity instruments for mitigating global warming. We explicitly consider policies' impact on the incentives of resource owners who maximize their profits intertemporally. We focus on the informational and commitment requirements of the...
Persistent link: https://www.econbiz.de/10003967535
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Depletion and development : natural resource supply with endogenous field opening
Venables, Anthony - 2011
capital cost, and the timing of field opening is chosen to maximize the present value of the field. Output dynamics depend on …
Persistent link: https://www.econbiz.de/10009312184
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The Hartwick rule : myths and facts
Asheim, Geir B.; Buchholz, Wolfgang - 2000
We consider the Hartwick rule for capital accumulation and resource depletion, provide semantic clarifications and … investigate whether this rule indicates sustainability and requires substitutability between manmade and natural capital. In …
Persistent link: https://www.econbiz.de/10009781576